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TICKERS: SKYX

Skyxs Recent Drop Anything Amiss?
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Chris Temple Chris Temple of The National Investor shares why he is excited about SKYX Platforms.

As I mentioned in the separate email on SKYX Platforms (SKYX:NASDAQ) that went out right before this issue, the drop in the share price (which recovered on Monday a fair bit) is a GIFT.

The quirky timing of the company being added to the Russell indexes, as I explained it in my initial recommendation, seemed to trigger some added selling that fed on itself, more from knee-jerk reactions than anything negative to do with the company.

To the extent I have been able to glean any negativity on the part of some, it's had to do with what, to date, has been a healthy cash burn rate with little to show in the revenue department.

I have to say, though, that as I got the grand tour of the company's facility in Pompano Beach, I was duly impressed with the way in which the product has been manufactured and prepared/packaged for sale; the confidence obviously is there that a bigger rollout of products is at hand.

The initial simple "Plug and play" version of a ceiling outlet can be viewed at https://skyxplug.com/.

By appearances, more substantial seals are poised to start imminently. I'll be eagerly awaiting SKYX's Q2 financial results and other details, which should be out by mid-month. My sense is that the beginning of a very sharp upward trajectory in revenues will emerge, among other things.


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Important Disclosures:

  1. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of SKYX Platforms.
  2. Chris Temple: I, or members of my immediate household or family, own securities of SKYX Platforms. I determined which companies would be included in this article based on my research and understanding of the sector.
  3. Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
  4. This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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Chris Temple Disclosures: 

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